Question: Depending on whether the book value method or the market value method was used, Chard would recognize gains or losses on conversion when using the

Depending on whether the book value method or the market value method was used, Chard would recognize gains or losses on conversion when using the Book value method Market value method

a. Either gain or loss Gain

b. Either gain or loss Loss

c. Neither gain nor loss Loss

d. Neither gain nor loss Gain

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